Bob Bell and Carrie Norris are senior vice presidents of the Mutual Money Investment Bank of New York. They are co-heads of the company's investment securities underwriting division. A large new client has requested that Mutual Money of New York produce an investment report to describe the process of valuing stocks and bonds. As a result, Bell and Norris have asked him to look at Tech Temps Company, a staffing agency that supplies IT workers to companies with temporarily heavy information technology workloads.

Your detailed report should provide descriptive answers and examples to the following questions, along with a list of reliable sources used to support the content of your report. Use appropriate headings and subheadings to organize your writing; Don't just repeat questions followed by short answers to each one. Your customer expects much more than that

1. What is the difference between common stock and preferred stock?
2. What are some of the characteristics of each type of stock?
3. What are the main characteristics of a bond?
4. How is the value of a bond determined?
5. What is the value of a 1-year bond with a face value of $1,000 with an annual coupon of 10% if its required rate of return is 10%? What is the value of a similar 10-year bond?